Monday, November 18, 2013

Students suffer ObamaCare sticker shock as premiums soar, plans get cut

(Fox News) While millions of Americans are watching their individual polices get canceled due to ObamaCare regulations, the new health care rules are also having a major impact on college campuses.

For decades, universities and colleges have offered students bare-bones policies. But because of the Affordable Care Act, those policies no longer cut it – and universities are forced to decide whether to offer significantly higher-cost plans or cancel coverage altogether.

The new rules affect a broad swath of American schools, especially the small ones.

At Bowie State University in Maryland, the cost of student health insurance policies went from roughly $100 a year to $1,800 a year.

The cancelled plan offered $5,000 worth of medical coverage to students for just $54 per semester. University administrators said an acceptable replacement under the Affordable Care Act would have cost $900 per semester, a 1,500 percent increase. [...]

"Bowie State University has suspended offering health insurance for domestic students for the 2013-2014 academic year," according to the school's official website. "Due to new requirements of the Affordable Care Act which will go into effect on January 1, 2014, the cost of insurance for domestic students will increase to approximately $1800 per year."